LGX Oil + Gas Inc ROAOF

Let me get this straight

[chuckles37]

So, you own a company and you are in the process of expansion and you go to your bank that you have been dealing with since you started. You ask your banker how things are going and wonder if they will lend you some more money to fund your expansion. The banker says sure, but they want to make sure their money is secure, so they ask that you put up some collateral.You put up the value of your company because the bank is going to give you more money. A little time goes by and now your ready and need the money because you are aggressively expanding. You fly out to your banker to sign the papers and instead of getting more money, the banker demands all of his money that he has lent you.  You don't have it, so he takes your company and sells it to his friend for less than half of what you owe him. Is this how anyone sees it?  Any lawyers out there see anything wrong? I'm not a lawyer, but this doesn't feel right. IMO